National Credit Union Administration
Issues Prohibition Order
Alexandria, Va., December 26, 2006 -- The National Credit Union Administration (NCUA) has issued an order prohibiting Christopher T. Renzo from participating in the affairs of any federally insured financial institution.
Christopher T. Renzo was convicted of 2nd degree grand larceny for dishonest acts perpetrated against the Hudson Valley Federal Credit Union. He was sentenced to five years of supervised probation, and ordered to pay $105,886 in restitution.
NCUA enforcement orders are online at http://www.ncua.gov/administrative_orders/Admin/administrative.html, and may be inspected at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. Copies may be ordered by mail from NCUA, 1775 Duke St., Alexandria, Va. 22314-3428.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the savings of over 85 million account holders in all federal credit unions and the majority of state-chartered credit unions.
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